Malaysia
Malaysia unveils policy for the disposal and purchase of impaired loans
Malaysia unveils policy for the disposal and purchase of impaired loans
The policy aims to provide a larger pool of buyers for the market, the central bank said.
Kenanga Investment Bank names ex-Citi banker as iindependent non-exec director
Angeline Ong Su Ming spent two decades working in Citigroup.
Boost Bank launches digital app for underserved Malaysians
Deposits are protected for $53,234.
Malaysian bank and GHL collab to offer interest-free plan
It will be made available to more than 7,000 merchant terminals.
Malaysia's private sector credit grows 5.4% in April
Thanks to higher growth in both outstanding loans and corporate bonds.
GHL and BSN partner to expand in-store payment choices
Shoppers at GHL stores can now enjoy up to 36 months of BSN's 0% EasyPay.
Hong Leong Bank posts 7.1% profit growth in 9MFY24
This translated to a profit of $671m.
CIMB’s Q1 profit escalates 18% YoY
Thanks to a solid operating income performance and maintained costs.
Maybank sets new crude palm oil, power emissions targets by 2030
In 2023, CPO production and power emissions are well below reference scenarios.
Kenanga Investment Bank’s net profit doubles to RM26.7m in Q1
But the stockbroking and investment banking divisions reported losses before tax.
Maybank’s net income up 9.8% to RM2.49b in Q1
Non-interest income jumped 79.2% and lifted operating income for the quarter.
Public Bank’s net profits down 3.5% to $351.94m in Q1
Total loans and deposits grew in Q1 compared to Q4 2023.
Malaysia, South Korea renew their bilateral swap agreement
The swap arrangement can be further extended via mutual agreement.
CIMB Group’s opex to ease whilst non-interest income poised for growth
Loans are poised for a 6% growth, UOB Kay Hian said in a report.
CIMB Thai’s de-risking and cost optimisation pays off
Moody’s Ratings says its asset quality, profitability and liquidity is “modest”.
GX Bank, Zurich Malaysia ink 10-year bancassurance partnership
They will co-create micro digital insurance products for Malaysians.
Malaysia’s credit, charge card market value grows to $50.5b in 2024
Credit and charge cards make up 60% of all card payments in the country.
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